Magnesium sulfate Market Research Report Information by Form (Crystal, Powder, and Granules) By Type (Heptahydrate, Anhydrous, Monohydrate, and Others) By End-Use Industry (Fertilizer, Medical, Food Additive, Industrial, Chemical, and Others) and By Regio

Magnesium sulfate Market Research Report Information by Form (Crystal, Powder, and Granules) By Type (Heptahydrate, Anhydrous, Monohydrate, and Others) By End-Use Industry (Fertilizer, Medical, Food Additive, Industrial, Chemical, and Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa Industry Forecast to 2032

According to projections, the magnesium sulfate market will reach USD 1136.74 million by 2032, growing at a compound annual growth rate (CAGR) of 3.79% between 2024 and 2032. An vital nutrient for plants, magnesium sulfate increases crop yields, improves soil structure, and makes nutrients more available. It is anticipated that this application will propel market expansion in the agriculture industry. For crops like fruits, vegetables, and nuts that need a lot of magnesium, magnesium sulfate is very helpful. In the building sector, magnesium sulfate is utilized as a setting retarder in cement and concrete. It is anticipated that this application will support market expansion in the building industry. Large-scale building projects that call for a regulated cement and concrete setting time can benefit greatly from the use of magnesium sulfate. A well-known medication with a lengthy history of usage in obstetrics, magnesium sulfate is especially useful for treating and preventing eclampsia. Its uses are not limited to this field, though. In addition, the medication is used as a laxative and to treat seizures and magnesium shortage. The need for magnesium sulfate in medicines is being driven by the world's expanding population as well as the rising incidence of chronic illnesses. The prospective application of magnesium sulfate as a neuroprotective agent represents one of the pharmaceutical industry's most attractive prospects. According to research, magnesium sulfate may protect the brain from damage and lower the likelihood of neurological problems after stroke, traumatic brain injury, and other neurological conditions. As a result, there is now more interest in creating treatments for neurological disorders based on magnesium sulfate.

Insights on Market Segments
Based on shape, the magnesium sulfate market has been divided into three segments: granules, powder, and crystals. With a 61.90% revenue share in 2023, the crystal category led the market and is anticipated to expand at a CAGR of 3.71% throughout the course of the forecast period. When manganese sulfate is crystallized, it represents a solid, organized mixture of sulfur, oxygen, and manganese. This version is widely applied in many other fields, with agriculture being one of the main beneficiaries.

The Heptahydrate sector holds a dominant market share of 65.64% and a market value of USD 535.09 million in 2023. MnSO4₄ 7H₂O, also known as heptalahydrate manganese sulfate, is a crystalline substance that is extensively utilized in the cattle and agricultural industries. It is used as a micronutrient fertilizer in agriculture to strategically address soil manganese shortages.

The fertilizer segment had a 29.36% market revenue share in 2023, and over the forecast period of 2024–2032, it is anticipated to increase at a CAGR of 4.46.

Key Market Players
The leading companies in the market are Acuro Organics Limited, Giles Chemical, Morton Salt, Inc., Nafine Chemical Industry Group Co. Ltd., PQ Corporation, K+S Aktiengesellschaft, Laizhou Guangcheng Chemical Co. Ltd., LHCHEM, and VINIPUL INORGANICS PVT. LTD.